United Capital Management of KS Inc. Acquires 3,883 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

United Capital Management of KS Inc. boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,614 shares of the company’s stock after acquiring an additional 3,883 shares during the period. United Capital Management of KS Inc. owned approximately 0.09% of First Trust Institutional Preferred Securities and Income ETF worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 53,835 shares of the company’s stock worth $1,007,000 after acquiring an additional 575 shares in the last quarter. Twin Peaks Wealth Advisors LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 53,928 shares of the company’s stock valued at $1,008,000 after purchasing an additional 611 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock valued at $1,063,000 after purchasing an additional 656 shares during the period. Greatmark Investment Partners Inc. raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 6.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 14,275 shares of the company’s stock valued at $267,000 after purchasing an additional 875 shares during the period. Finally, Sutton Place Investors LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 4th quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock valued at $2,169,000 after purchasing an additional 983 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $18.72 on Friday. The business’s 50-day moving average price is $18.75 and its two-hundred day moving average price is $18.82. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.90 and a 1 year high of $19.11.

First Trust Institutional Preferred Securities and Income ETF Profile

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities.